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INTERIM STUDY REPORT
Insurance Committee
Rep. Charles Key, Chairman
Oklahoma House of Representatives
Interim Study 12-002, Rep. Dan Kirby
October 16, 2012
Insurance in Indian Country
Representative Dan Kirby
• Concerns about insurance in Indian country and tribes managing their own risks.
• Oklahoma Insurance Department is willing to help navigate through some of these issues.
John Doak, Commissioner
Oklahoma Insurance Department
• The Insurance Department wants to be business friendly.
• For tribes, there is an opportunity to invest and create economic job opportunities and learn
about how insurance regulation works.
• The Insurance Department looks forward to continuing this dialogue.
• Insurance industry is a natural progression for the tribes that have growing enterprises.
• Opportunity for Oklahoma to be Indian Country friendly.
Susan Dobbins, General Counsel
Oklahoma Insurance Department
• Provided an overview of the financial accreditation process.
• Oklahoma has domestic insurers (90 charted in Oklahoma) and foreign insurers (1800 chartered
in another state and must apply for a certificate of authority in OK).
• The accreditation program sets financial standards for states to meet. Once a state is accredited,
a sister state would accept that accredited state’s license. This promotes interstate cooperation
and saves money in duplicate examination costs.
• A tribal insurance carrier would be subject to these accreditation standards.
• Rick Farmer, with the Insurance Department, stated that there is a lot of interest with the tribes.
An insurance entity has even indicated that it was contacted by a tribe with interest to purchase
the insurance entity in Oklahoma.
• The Insurance Department has a very small role in regulating self-funded plans. However, if an
insurance carrier purchases stock loss coverage, then that is an activity the department would
regulate.
Robert Weaver,
Tribal Member
• Mr. Weaver owns an insurance brokerage with a 3rd party administrator.
• Sovereign immunity issue is a big issue when looking at this topic. Tribes each have their own
sovereign governments.

INTERIM STUDY REPORT
Insurance Committee
Rep. Charles Key, Chairman
Oklahoma House of Representatives
Interim Study 12-002, Rep. Dan Kirby
October 16, 2012
Insurance in Indian Country
Representative Dan Kirby
• Concerns about insurance in Indian country and tribes managing their own risks.
• Oklahoma Insurance Department is willing to help navigate through some of these issues.
John Doak, Commissioner
Oklahoma Insurance Department
• The Insurance Department wants to be business friendly.
• For tribes, there is an opportunity to invest and create economic job opportunities and learn
about how insurance regulation works.
• The Insurance Department looks forward to continuing this dialogue.
• Insurance industry is a natural progression for the tribes that have growing enterprises.
• Opportunity for Oklahoma to be Indian Country friendly.
Susan Dobbins, General Counsel
Oklahoma Insurance Department
• Provided an overview of the financial accreditation process.
• Oklahoma has domestic insurers (90 charted in Oklahoma) and foreign insurers (1800 chartered
in another state and must apply for a certificate of authority in OK).
• The accreditation program sets financial standards for states to meet. Once a state is accredited,
a sister state would accept that accredited state’s license. This promotes interstate cooperation
and saves money in duplicate examination costs.
• A tribal insurance carrier would be subject to these accreditation standards.
• Rick Farmer, with the Insurance Department, stated that there is a lot of interest with the tribes.
An insurance entity has even indicated that it was contacted by a tribe with interest to purchase
the insurance entity in Oklahoma.
• The Insurance Department has a very small role in regulating self-funded plans. However, if an
insurance carrier purchases stock loss coverage, then that is an activity the department would
regulate.
Robert Weaver,
Tribal Member
• Mr. Weaver owns an insurance brokerage with a 3rd party administrator.
• Sovereign immunity issue is a big issue when looking at this topic. Tribes each have their own
sovereign governments.